1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
OlgaM077 [116]
2 years ago
12

Which of the following debit and credit rules is​ correct? A. Decreases in assets and liabilities are credited. B. Increases in

liabilities and​ stockholders' equity are credited. C. Increases in liabilities and​ stockholders' equity are debited. D. Increases in assets and liabilities are debited.
Business
1 answer:
Andrei [34K]2 years ago
6 0

Answer:

B. Increases in liabilities and​ stockholders' equity are credited.

Explanation:

As Liabilities and Stockholder's equity have credit balance, so a credit entry will increase their value and debit entry will decrease its balance. On the other hand assets accounts have debit balance, a credit entry will decrease its balance and debit entry will increase it. So the correct option is B. Increases in liabilities and​ stockholders' equity are credited.

You might be interested in
O’Connell & Co. expects its EBIT to be $83,000 every year forever. The firm can borrow at 11 percent. O’Connell currently ha
andrew11 [14]

Answer:

1. $3,59,666.66

2. $4,10,066.66

Explanation:

1. The computation of value of firm is shown below:-

As the Earning before interest and tax given remains the same, this impact that there is no growth rate in the earnings to consider.

= Earning before interest and tax × (1 - Tax) ÷ Cost of equity

= $83,000 × (1 - 0.35) ÷ (0.15)

= $53,950 ÷ 0.15

= $3,59,666.66

2. The computation of value of levered firm is shown below:-

Value of unlevered firm + Debt × Tax rate

= 3,59,666.66 + ($144,000 × 35%)

= $4,10,066.66

7 0
3 years ago
Which resource management activity identifies and verifies that personnel are qualified.
Naddika [18.5K]

Credentialing resource management activity identifies and verifies that personnel is qualified.

<h3>What is management?</h3>
  • Management (or managing) is the process of overseeing the operations of a company, nonprofit, or governmental entity.
  • It is both the science and the art of managing a company's resources.
  • Setting an organization's strategy and managing employee (or volunteer) efforts to achieve goals through the use of available resources, such as financial, natural, technological, and human resources, are included in management.
<h3>What roles does management play?</h3>
  • Planning, organizing, staffing, leading, and managing are the five general responsibilities that make up management at its most basic level.
  • These five responsibilities are a part of a corpus of guidelines and management-related beliefs.

Learn more about management here:

brainly.com/question/14523862

#SPJ4

4 0
1 year ago
On July 1, 2021, Ross-Livermore Industries issued nine-month notes in the amount of $1,200 million. Interest is payable at matur
zheka24 [161]

Answer and Explanation:

The computation of the interest expense that should be recorded to the following independent assumptions are as follows:

For December 31, 2021

= $1,200 × 11% × 6 months ÷ 12 months

= $66 million

For September 30, 2021

=  $1,200 × 8% × 3 months ÷ 12 months

= $33 million

For October 31, 2021

= $1,200 × 7% × 4 months ÷ 12 months

= $44 million

For January 31, 2022

= $1,200 × 4% × 7 months ÷ 12 months

= $77 million

6 0
2 years ago
A statement of cash flows reflects a net cash flow from operating activities of -$89 million, a net cash flow from investing act
Mumz [18]

Answer:

The net cash movement is -$19 million, this means that the firm is facing liquidity challenges.

Explanation:

Movement of Cash during the year :

Net cash flow from operating activities  -$89 million

Net cash flow from investing activities     $42 million

Net cash flow from financing activities     $28 million

Movement during the year                        -$19 million

Conclusion,

The net cash movement is -$19 million, this means that the firm is facing liquidity challenges.

8 0
3 years ago
How does giving benefit both the giver and the receiver?
tangare [24]

Answer: The benefits of giving are not only reaped by the gift receivers, but also by the giver themselves in terms of their health and happiness.

Explanation: I hope that helped.

8 0
3 years ago
Other questions:
  • Hotel clerks, amusement park workers, and travel agents all work in careers found in the _____ career cluster.
    7·2 answers
  • Lawrence needs to respond to a coworker's email. In a plain text email, the coworker has asked Lawrence a number of questions. L
    5·2 answers
  • If a court ordered you to pay for a pizza that was mistakenly delivered to your home and which you ate, they would be issuing an
    11·1 answer
  • The Home Depot Rewards MasterCard and The Home Depot Business Rewards MasterCard allows consumers and business owners earn rewar
    8·1 answer
  • The treasurer of a major U.S. firm has $36 million to invest for three months. The interest rate in the United States is .24 per
    13·1 answer
  • Vertical integration is: a. A firm's ownership of vertically related activities b. A firm's control over its input sources and t
    7·1 answer
  • PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!
    12·1 answer
  • What is sub-optimization and what organizational characteristics tend to lead to larger sub-optimization problems?
    15·1 answer
  • The Office of Federal Contract Compliance Programs is responsible for enforcing orders that cover companies doing business with
    14·1 answer
  • If a contingency in a purchase agreement is not fulfilled despite a good faith effort to fulfill it, the party who benefits from
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!